Question
Strong corporate profits (in other industries) prompt companies to increase business travel for employees Which is affected? Demand/supply What direction will the curve shift? left
Strong corporate profits (in other industries) prompt companies to increase business travel for employees
Which is affected? Demand/supply
What direction will the curve shift? left /right
Determinant responsible?
- cost of inputs
- productivity/tech
- income effect - normal goods
- income effect - inferior good
Price will? decrease/increase
Quantity will? decrease/increase
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Microeconomics Principles, Problems, And Policies
Authors: Campbell McConnell
21st Edition
1259915727, 9781259915727
